The tax system in Canada aims for income from salaries and dividends to generate the same after-tax cash in the hands of individual shareholders. This goal is achieved through a concept known as integration.
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What is Underused Housing Tax (UHT) – An Ultimate Guide To Read
The Canada Revenue Agency (“CRA”) has released an extended deadline of April 30, 2024, to file the 2022 UHT returns without being charged penalties or interest.
Options to Pay Taxes to the Canada Revenue Agency in 2025
Paying taxes isn’t merely a legal requirement; it’s a crucial pillar of Canada’s financial stability. The responsibility for this falls under the Canada Revenue Agency (CRA), a government agency renowned for its diligent tax collection.
Tax Strategies of Passive Foreign Investment Company to Know in 2025
In the ever-evolving world of international finance, staying ahead of the game is crucial, especially when it comes to managing investments in Passive Foreign Investment Companies (PFICs). Taxation of these entities can be complex and daunting.
What is SR&ED Tax – How to Calculate and Benefits to Know in 2025?
Before 1994, companies reported all SR&ED (Scientific Research and Experimental Development) expenditures to Revenue Canada. Now, it is up to each company to calculate their expected SR&ED investment tax credit.
Learning About Substantial Issuer Bids in Canada in 2025
Several industries in Canada are consolidating their businesses, and the issuers are selling off their assets. This creates a problem for the issuers as they are left with excess cash on their balance sheet, and they have no alternative options to deploy this amount elsewhere.